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is that like old economy, new economy? they think we're going to run out of oil. but we never ran out of stone in the stone age but that ended. for me, if i own a millionth of something i think i'd rather own a millionth of exxon on a millionth of apple, wouldn't you? >> i think i could -- i think it makes more sense for exxon to be worth more. the world seems to make more sense. >> ninth century england in running out of coal. they thought it was a huge crisis on the way. >> every -- >> actually the opposite is -- >> a lot of cases. >> we learn how -- >> that's capitalism at its best. >> didn't used to happen. >> right. we got to get through have another one of those moments. >> i'm going to give you a moment. >> let's get to a couple other sorries. we do have a very important update. a suicide bomber has detonated an explosive device at the entrance of the u.s. embassy in the turkish capital of ankara. a police official told the associated press that at least two people are dead. the u.s. ambassador to turkey says that one of the embassy's turkish staffs killed.
is that like old economy, new economy? they think we're going to run out of oil. but we never ran out of stone in the stone age but that ended. for me, if i own a millionth of something i think i'd rather own a millionth of exxon on a millionth of apple, wouldn't you? >> i think i could -- i think it makes more sense for exxon to be worth more. the world seems to make more sense. >> ninth century england in running out of coal. they thought it was a huge crisis on the way. >>...
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and i'll tell you, one big advantage this economy has right now, we talk a lot about what the economy did in the '80s, that the profit sector is in much, much better shape than it was back coming out of that recession '81, '82. there still had to be a lot of restructuring, there's a lot of inefficiency from the 1970s. so we're starting with a much healthier private sector. i really think that's, we still have some good demand coming from outside the united states. we have china and all things -- we're not worried about the china hard landing. we're not worried about the debt ceiling crisis. we're not worried about, well, for the moment, the eu -- we have that kind of psychological factor. a healthy private sector. and the problem is what? the problem is government and bad policy. and that's what we have to offset. >> but jim iuorio, i want to know where to invest. do we buy gold, silver, and commodities? do we buy banks, which are lagging a little bit? do we buy industrial cyclicals to play the world boom, if there is such a thing? in other words, how do you invest right now, having p
and i'll tell you, one big advantage this economy has right now, we talk a lot about what the economy did in the '80s, that the profit sector is in much, much better shape than it was back coming out of that recession '81, '82. there still had to be a lot of restructuring, there's a lot of inefficiency from the 1970s. so we're starting with a much healthier private sector. i really think that's, we still have some good demand coming from outside the united states. we have china and all things...
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the notion that the fed was right i agree with on the weak economy. the economy is weak. i don't think it's crisis weak, but i think it is weak, so agreement with ben bernanke and the barbers of fedville. here's where i go in a different direction, hence the barber analogy is that if you consider who used to go to barbers, okay? if you were sick and you went to a barber, they would put leeches on you, bloodletting. that's why you had the wheel. if you didn't get better, you'd go back and they'd do the same thing. but is that why the patienting is getting better? with regard to the fed and the weak economy i think is evident to many, even if you can't take your eyes off the dow jones, the s&p or the nasdaq. oneme, going into the sixth year, that is whatever we're doing, the blood-letting, the leeches, it isn't working. just because it's weak doesn't mean you do more leeches. it means you re-evaluate. you re-evaluate. there were positives within these numbers. businesses are doing okay in certain areas, even better in others. the stock market might not necessary by be refle
the notion that the fed was right i agree with on the weak economy. the economy is weak. i don't think it's crisis weak, but i think it is weak, so agreement with ben bernanke and the barbers of fedville. here's where i go in a different direction, hence the barber analogy is that if you consider who used to go to barbers, okay? if you were sick and you went to a barber, they would put leeches on you, bloodletting. that's why you had the wheel. if you didn't get better, you'd go back and they'd...
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what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ >>> mcgraw-hill plunging again today after news that the department of justice is filing a lawsuit against credit rating agency standard & poor's. mike khouw, what did you see in the options pits here? >> well, just like the e kwity, there was a lot of volume in the options. they traded more than ten times their average daily volume by halfway through the day. a lot of calls trading, but many of those were being sold. one of the notable trades that i saw, a purchase of the may 42 1/2 puts. the stock was over 47 when this trade took place. somebody paid $2.40 for those. over 1,000 times. that's a bet that the stock could fall more than another 15% from w
what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ >>> mcgraw-hill plunging again today after news that the department of justice is...
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it showed that 157,000 jobs were added to the economy in january. and sure the number came in a bit soft. what investors were looking at were the stronger revisions higher in november and december for those jobs numbers. so that was encouraging and that really got the dow over that level. but the focus yet today is on dow 14,000 because it's been five years since stocks were at this level and the optimists about this say it shows just how far we've come. >> remember, this? march 1999, the height of the dot com boom, dow hit 14,000 for the first time. >> it was a big deal when we hit 10,000, we gave out hats. these are big psychological levels, they're crescendos. >> fast forward to 2006, the height of the housing boom. dow 12,000. nine months after that, 14,000. but we wouldn't see that threshold again for a long time. the housing market was already crumbling, recession was lurking. now five years later, we're back and the returns staggering. >> reporter: bank stocks buoyed, bounced back. housing stocks through the roof, the rally is driven by you,
it showed that 157,000 jobs were added to the economy in january. and sure the number came in a bit soft. what investors were looking at were the stronger revisions higher in november and december for those jobs numbers. so that was encouraging and that really got the dow over that level. but the focus yet today is on dow 14,000 because it's been five years since stocks were at this level and the optimists about this say it shows just how far we've come. >> remember, this? march 1999, the...
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♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. tuiasos lannay ke . >>> and extreme sports under scrutiny after dangerous games going wrong. through march thirty first. sign up now at hiltondouble.com. morning, boys. so, i'm working on a cistern intake valve, and the guy hands me a locknut wrench. no way! i'm like, what is this, a drainpipe slipknot? wherever your business takes you, nobody keeps you on the road like progressive commercial auto. [ flo speaking japanese ] [ shouting in japanese ] we work wherever you work. now, that's progressive. call or click today. o . >>> well, of course, super bowl sunday is this weekend, the ravens and the 49ers, probably didn't need to tell you that. for ravens linebacker ray lewis, it will be his last game, he announced his retirement. besides his raw talent, he is known for this dance, which his fans love him. he wears his spirituality on his sleeve, that is the ray lewis we see today. but there is another chapter of his past that is never far away. but for
♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. tuiasos lannay ke . >>> and extreme sports under scrutiny after dangerous games going wrong. through march thirty first. sign up now at hiltondouble.com. morning, boys. so, i'm working on a cistern intake valve, and the guy hands me a locknut wrench. no way! i'm like, what is this, a drainpipe slipknot? wherever your business takes you, nobody keeps you on the...
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and then, you know, the bottom started to fall out of the economy, we had the great recession. you know, the dow even went all the way down to 6,500 in 2009. march of 2009. so this really has been a trek upward. one well known economist that we just talked to yesterday says you know what this is? this could be a sign of better things to come. although he is a big bull, and for every bull, there's a bear. i did speak with a bear, another economist who said this is like a correction waiting to happen. so it depends on who you talko about how exciting this is, how momentous it is. it is a nice round number and it was nice to see it on the screen, even for a few seconds. >> i think a lot of people are confused about what the state of our economy actually is. >> well, and that's why some wonder what is the point of the dow hitting 14,000. and, by the way, it's not even the record high, the record high is 14,164, and, yes, a lot of people talk about, you know, the disconnect. we see the dow reaching these highs that we haven't seen in five years, yet, the jobs market is recovering, b
and then, you know, the bottom started to fall out of the economy, we had the great recession. you know, the dow even went all the way down to 6,500 in 2009. march of 2009. so this really has been a trek upward. one well known economist that we just talked to yesterday says you know what this is? this could be a sign of better things to come. although he is a big bull, and for every bull, there's a bear. i did speak with a bear, another economist who said this is like a correction waiting to...
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it's the first time the economy has gotten smaller since 2009. that's not good. what i'm showing you there is not good. but you have stocks so close to record highs. how can that be? well, this is a bull market that's now five years old in stocks. i want to show you the stages of a bull market. this is from a long-time watcher of markets. the first is reluctance, skaul takes, acceptance and exuberance. much like a new boyfriend or girlfriend. but that's what this bull market is. >> your poor husband. >> i'm telling you, at the end of it how much more will it go? investors are coming in with a lot of optimism this will be a good year. housing is coming up, the job market is improving, so you've got people coming into the bull market even though it is five years old. >>> i want to talk a little bit about bill gates, america's richest man. i sat down with him yesterday, we talked about a lot of things. his charity, his foundation has given away $26 billion over 18 years. we talked a little about education, what they have done around the world but i asked him about t
it's the first time the economy has gotten smaller since 2009. that's not good. what i'm showing you there is not good. but you have stocks so close to record highs. how can that be? well, this is a bull market that's now five years old in stocks. i want to show you the stages of a bull market. this is from a long-time watcher of markets. the first is reluctance, skaul takes, acceptance and exuberance. much like a new boyfriend or girlfriend. but that's what this bull market is. >> your...
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the numbers for you, what it means for the health of the economy and the jobs market. >> and the defense secretary nominee on the defensive. chuck hagel grilled on capitol hill. did he blow his shot to convince lawmakers that he's the right man for the job? >> friday, february 1st, and "starting point" begins right now. >>> welcome, everybody. breaking news, we start with. two people have died, several people wounded in explosion that has taken place outside the u.s. embassy in ankara, turkey. chris lawrence joins us from the pentagon. >> reporter: good morning, soledad. not much information right now. turkey authorities are responding to that scene, trying to collect more information. the blast happened just a short while ago, some. news reports out of that area, saw a big flash, heard a big bang. reports of several people wounded near a side gate of the embassy. we're waiting for more information, the u.s., of course, has two major air bases in turkey no, where near the capit capital. soledad. >> thank you, chris, for watching this story. >>> also, we told you just moments ago, the for
the numbers for you, what it means for the health of the economy and the jobs market. >> and the defense secretary nominee on the defensive. chuck hagel grilled on capitol hill. did he blow his shot to convince lawmakers that he's the right man for the job? >> friday, february 1st, and "starting point" begins right now. >>> welcome, everybody. breaking news, we start with. two people have died, several people wounded in explosion that has taken place outside the...
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at the same time, the economy is really in a shambles. there are almost no tourists to speak of in egypt. so it all adds up to a situation that is highly volatile. >> cnn's ben wedeman live in cairo, thank you very much. >>> 14 minutes after the hour. let's get up to date. high hopes for the hispanic community for president obama's speech on immigration reform. we expect him to take up the issue in a speech at a las vegas high school today. eight senators, four from each party, the so-called gang of eight, unveiled their own first step toward an agreement yesterday. house lawmakers said to be working on a bipartisan plan of their own. >>> convicted arsonist sentenced to death for setting a fire in santa anita, california. it led to five deaths. 31-year-old ricky lee fowler, a meth addict with a violent history, convicted of murder and arson charges last august. >>> chick-fil-la has stopped donating money to gay and lesbian organizations. the georgia-based company caught up in the same-sex marriage debate when their president made controve
at the same time, the economy is really in a shambles. there are almost no tourists to speak of in egypt. so it all adds up to a situation that is highly volatile. >> cnn's ben wedeman live in cairo, thank you very much. >>> 14 minutes after the hour. let's get up to date. high hopes for the hispanic community for president obama's speech on immigration reform. we expect him to take up the issue in a speech at a las vegas high school today. eight senators, four from each party,...
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up, this park will include a zoo, water sports, rock climbing, the hope is it will boost the local economy. some officials say the money would be better spent on housing. >>> and felix baumgartner broke the record, record after record when he jumped from space over new mexico. there is another record he fell at a rate of over 840 miles per hour. check it out, ten miles faster than they originally thought. the jump made him the first person to break the sound barrier outside a vehicle. cool stuff there. >>> another cool story, centuries, people have been trying to create gold. well, we might be a little closer than we ever imagined. people are trying to make gold from sea water and bacteria, chad. i'm digging, i'm going on vacation. i'm going to the beach. i'm going to find bacteria. you and i will get rich. >> it might be harder than that. >> how does this work? >> for centuries we've known there is gold ions floating in sea water. about 13 parts per trillion in the ocean. that's not very much. but researchers have found a way to take those ions, make them precipitate on to this bacteria,
up, this park will include a zoo, water sports, rock climbing, the hope is it will boost the local economy. some officials say the money would be better spent on housing. >>> and felix baumgartner broke the record, record after record when he jumped from space over new mexico. there is another record he fell at a rate of over 840 miles per hour. check it out, ten miles faster than they originally thought. the jump made him the first person to break the sound barrier outside a vehicle....
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is the economy healing? you won't see anything else like it on tv. >> not that your analysis wasn't fantastic on football, but coming up, a battle of brothers at this year's super bowl, how nfl coaches jim and john harbaugh compare to some other famous siblings. make you feel alive.t wil meet the five-passenger ford c-max hybrid. c-max says ha. c-max says wheeee. which is what you get, don't you see? cause c-max has lots more horsepower than prius v, a hybrid that c-max also bests in mpg. say hi to the all-new 47 combined mpg c-max hybrid. we replaced people with a machine.r, what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. well, dad, i spent my childhood living with monks learning the art of dealmaking. you've mastered monkey-style kung fu? no. priceline is different now. you don't even have to bid. master hahn taught you all that? oh, and he says to say (translated fro
is the economy healing? you won't see anything else like it on tv. >> not that your analysis wasn't fantastic on football, but coming up, a battle of brothers at this year's super bowl, how nfl coaches jim and john harbaugh compare to some other famous siblings. make you feel alive.t wil meet the five-passenger ford c-max hybrid. c-max says ha. c-max says wheeee. which is what you get, don't you see? cause c-max has lots more horsepower than prius v, a hybrid that c-max also bests in mpg....
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. >> the president addressed several other topics as well from women in combat to the economy. >>> still ahead on "starting point." we remember chris kyle, considered to be one of the deadliest snipers, we'll talk to the man whotrain e eed chris, the navy s.e.a.l. killed this weekend. >>> welcome back, everybody. want to intro the team. connie mack is back. roland martin will join us in a moment. cnn political analyst and chris john farley, editorial director of digital features of "the wall street journal." and john berman as well. let's talk commercials. thumbs up overall for the ads last night, or you think create 'til they were a little -- >> i thought it was a mediocre showing. the game was better than the commercials, not what usually happens. people pay a lot of money for these commercials, $3. mi8 milln per 30-second spot. i thought the jeep ad with oprah winfrey had some emotion. god made a farmer pulled at the heartstrings, but nothing -- >> i thought they were good. i thought it was funny. i think a lot of people tune in to the super bowl for the ads. i know that. you told us
. >> the president addressed several other topics as well from women in combat to the economy. >>> still ahead on "starting point." we remember chris kyle, considered to be one of the deadliest snipers, we'll talk to the man whotrain e eed chris, the navy s.e.a.l. killed this weekend. >>> welcome back, everybody. want to intro the team. connie mack is back. roland martin will join us in a moment. cnn political analyst and chris john farley, editorial director...
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. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >>> today, grand central terminal is celebrating its 100th birthday. doesn't look a day over 99. the icon remains one of the busiest train stations in the world, but nothing turns a century old without its share of secrets. our richard roth has more. >> what time is the next train? >> reporter: in north by northwest, cary grant asked a question millions of passengers have posed since the majestic "grant central terminal" opened 100 years ago. each day, 750,000 people pour through grand central. what do you think, grand central, 100 years old? >> i think it's fantastic. >> we love grand central, never looked better. >> there is poetry in this place. it is a worm, inviting place for something as large and cathedral-like. >> reporter: the construction of grand central paved the way for multilevels of track service. and soon the era of luxury train travel arrived. but as plane travel soared and the railways ran into bankruptcy, grand central was nearly de
. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >>> today, grand central terminal is celebrating its 100th birthday. doesn't look a day over 99. the icon remains one of the busiest train stations in the world, but nothing turns a century old without its share of secrets. our richard roth has more. >> what time is the next train? >> reporter: in north by northwest, cary grant asked a question...
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] as you know, kind of a funny thing happened in this year's presidential election amidst the worst economy in decades, high unemployment and a steep spiritual decline, the country chose not a self made and virtuous patriot to heal our woes -- [laughter] -- but the same foreign-born socialist tyrant who created all of our woes. [ laughter ] how did republicans lose this eminently winnable presidential race? the republican party has a serious messaging problem. >> i think our messaging has not been very strong. >> the messaging was bad. >> jon: messaging. [ laughter ] if only people knew what the republicans were about, what the republicans need is some kind of 24-hour a day seven day a week perpetual messaging refinement and distribution resource, preferly one close to the trappings of journalistic authority but without any ethical constraint. what would we call such a place? elephant news is too obvious? insane clone posse is already -- insane clown posse is already taken. ferret, ferret news! i'll work on it. i'll work on it. so -- [cheers and applause] the republicans lost not because of
] as you know, kind of a funny thing happened in this year's presidential election amidst the worst economy in decades, high unemployment and a steep spiritual decline, the country chose not a self made and virtuous patriot to heal our woes -- [laughter] -- but the same foreign-born socialist tyrant who created all of our woes. [ laughter ] how did republicans lose this eminently winnable presidential race? the republican party has a serious messaging problem. >> i think our messaging has...
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our economy was that bad. if i can play amateur cultural anthropologist for a moment -- what we have seen are some interesting psychological processes going on. so many people over the last few years with great education and great skills know their job security is fragile. as a way to protect yourself, people like to think that that could never happen to me. i am good enough that i would not lose my job or if i did, i would certainly be able to find something away. in some ways by turning on the unemployed and putting it on them, in some ways, there is a bizarre defense mechanism that makes people feel more secure about their own jobs in a fragile economy. i think there is a lot of complex factors going on here. it is certainly eroded very deeply in a complete misunderstanding of just how bad the economy and the recovery has been. host: what is the best way to protect these people? guest: is important for them to be honest and talk about why you lost your job and talk in detail -- if it was because the company
our economy was that bad. if i can play amateur cultural anthropologist for a moment -- what we have seen are some interesting psychological processes going on. so many people over the last few years with great education and great skills know their job security is fragile. as a way to protect yourself, people like to think that that could never happen to me. i am good enough that i would not lose my job or if i did, i would certainly be able to find something away. in some ways by turning on...
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not the growth of china's economy. do you all think that the new leaders -- are more pragmatic in their approach? after the 18th party congress, our party and government will lead the chinese people to achieve the goal of beauty. fulfill the chinese dream. >> my question for you is, the president mentioned the rule by law. -- society, how could it be achieved and what is your perspective as a banker? >> i think that is the basic benchmark when we talk about rule by law. that is something fundamental. as president lee mentioned about the reform of the government, i believe the chinese reform, the emerging task is actually how to reform the government business assess from -- process from government approval. all kinds of things need to be approved by the government. i think this should be reformed. we have already mentioned that the market should play the fundamental role in the economy. that has already been mentioned. in the recent few years, this voice has been weakened. for any financial or economic crisis happening
not the growth of china's economy. do you all think that the new leaders -- are more pragmatic in their approach? after the 18th party congress, our party and government will lead the chinese people to achieve the goal of beauty. fulfill the chinese dream. >> my question for you is, the president mentioned the rule by law. -- society, how could it be achieved and what is your perspective as a banker? >> i think that is the basic benchmark when we talk about rule by law. that is...
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the bush economy was not a good economy. bill clinton raised rates on the rich. we had the best economy we have had since the 1960's. host: choices made internally, the impact. guest: well short, it was a smaller plan. they got cold feet. they turned too conventional. they cannot pass much of anything except the payroll tax cuts. it just went away. host: how long before know what succeeded or failed? guest: people are still arguing about the 1930's. too soon to tell. i think we have a tremendous amount of evidence. we have been running experiments across the world. get austerity politics in britain and spain. we know that they do not worke. we have a good idea that it is hard to make it work at these levels. fears of inflation or grossly exaggerated. host: stock about what paul krugman has done. he is a columnist for "the new york times." he's the author or editor of 20 books. he is a nobel prize winner in economics. its most recent book is "end this depression now!." hi, janet. caller: i was wondering -- the financial crisis -- had we done more stimulus would it
the bush economy was not a good economy. bill clinton raised rates on the rich. we had the best economy we have had since the 1960's. host: choices made internally, the impact. guest: well short, it was a smaller plan. they got cold feet. they turned too conventional. they cannot pass much of anything except the payroll tax cuts. it just went away. host: how long before know what succeeded or failed? guest: people are still arguing about the 1930's. too soon to tell. i think we have a...
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to be in that economy. if you're looking for a job, this is a mediocre month. if we look at these numbers we have to consider while we give them a general picture of the country as a whole, you can't tell them how any one jim -- now any one individual is doing. host: we're talking with patrick rice of politico, he's an economics and finance reporter for politico. and previously, he was the morning energy reporter and he also reported for everyone for e & e's. our next call comes from jack, on our line for democrats. jack, you're on the "washington journal." caller: good morning. pleasure to talk to you. host: go ahead, jack. caller: i'm a teacher in the private school in this area, but i would disagree with my previous caller. the big problem in our economy as i see it is the offshoring of so many good paying jobs, and the destruction of the union in this country. when the globalization destroyed the floor for the middle class in wages, and as a result of that, these jobs are not coming back to this country
to be in that economy. if you're looking for a job, this is a mediocre month. if we look at these numbers we have to consider while we give them a general picture of the country as a whole, you can't tell them how any one jim -- now any one individual is doing. host: we're talking with patrick rice of politico, he's an economics and finance reporter for politico. and previously, he was the morning energy reporter and he also reported for everyone for e & e's. our next call comes from jack,...
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it will be about the economy. there was a decrease military spending as we get prepared for this absurd sequestration idea. the state department, we cannot look at military programs that are producing weapons but we can look at people being furloughed. we can look at cutting back on security, has been a challenge we have inherited over the years and which i tried to explain to the congress. can look at the cutbacks in passports the american people deserve us to provide and on and on and on. we are 1/13 of the defense apart and budget. will we do affects americans'. it's not just programs over there. it's what we do it through those programs that make it possible for us to have jobs and travel easily. thank you for asking. this is a government wide challenge. i was giving a speech in hong kong and all these sophisticated investors and officials were lined up to say, "is the united states going to default on its credit?" i said we will never do that. are we going to have- sequestration? are we going to handicap ours
it will be about the economy. there was a decrease military spending as we get prepared for this absurd sequestration idea. the state department, we cannot look at military programs that are producing weapons but we can look at people being furloughed. we can look at cutting back on security, has been a challenge we have inherited over the years and which i tried to explain to the congress. can look at the cutbacks in passports the american people deserve us to provide and on and on and on. we...
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the economy, the majority of americans thought the economy was in recession. economy was weak from beginning to end. the main programs that president obama had were vastly unpopular. obamacare and the stimulus package. republicans had come off the 2010 midterm election and had an epic victory and were thought to be enthusiastic. it's not just that mitt romney lost but then he lost by a substantial margin. republicans lost two senate seats when a lot of people thought they could regain control of the senate. they lost eight house seats. it was a very bad election and a warning sign for the republican party. since then, republicans have been wandering around and try to get their feet under them. there's a realization the partisan trouble and people are not quite sure what needs to be done about it. that is good in a sense that i think now is left 1000 flowers bloom. a lot of people need to offer some alternatives about what needs to be done. host: what is your chief concern? guest: right now the republican party is on a losing track, partly because of demographi
the economy, the majority of americans thought the economy was in recession. economy was weak from beginning to end. the main programs that president obama had were vastly unpopular. obamacare and the stimulus package. republicans had come off the 2010 midterm election and had an epic victory and were thought to be enthusiastic. it's not just that mitt romney lost but then he lost by a substantial margin. republicans lost two senate seats when a lot of people thought they could regain control...
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Jan 29, 2013
01/13
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we need a growing economy. the best way to balance the budget is a growth rate of three percent-five percent, and the way to do that is tax reform, most people in indiana are not interested in congress bringing the bacon home, but people voting for the policies that will grow our economy and get us to better paying jobs. one of the things the caller points out and it is very important, for many workers the wage scale is going down. host: the last caller was from indianapolis. tell us about your district. guest: it is 19 counties. it stretches from winchester and muncie, then in the center part of the district it is in greenville, shelbyville, and then madison on the river. it is a district of manufacturing and agricultural communities, what i call courthouse towns -- and it is also where i grew up. i grew up in greensburg, indiana, played high school sports in many of those counties, and i have been raising my family in shelbyville, indiana, with our daughters and our young son. host: a comment of -- on twitter
we need a growing economy. the best way to balance the budget is a growth rate of three percent-five percent, and the way to do that is tax reform, most people in indiana are not interested in congress bringing the bacon home, but people voting for the policies that will grow our economy and get us to better paying jobs. one of the things the caller points out and it is very important, for many workers the wage scale is going down. host: the last caller was from indianapolis. tell us about your...
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Feb 3, 2013
02/13
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mexico is making gigantic strides towards a first-world economy. canada has a terrific system, but the only border that it has is with the united states. the europeans, some of them, have a good system, but to get there you have to go through an awful lot of the european union. the idea of an id card and mail work well in some places, particularly in europe, but it would not work particularly well for a large country like the united states because what the europeans require four people who have a national id card is every time that they move, every time they change education, etc., they have to go through the authorities and notify them. the average american will find this preposterous and they will simply not obey. let's focus on these systems or the much stronger documents that we now have, particularly the driver's license. common standards moving forward in that regard, we can make up enough ground without having to spend an enormous amount of political capital and i am using the national id card the same way that they use it where someone will
mexico is making gigantic strides towards a first-world economy. canada has a terrific system, but the only border that it has is with the united states. the europeans, some of them, have a good system, but to get there you have to go through an awful lot of the european union. the idea of an id card and mail work well in some places, particularly in europe, but it would not work particularly well for a large country like the united states because what the europeans require four people who have...
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Jan 31, 2013
01/13
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he knows how important it is for the economy of the country. in has been our number-one issue to solve the immigration problem. 11 million people come out of the shadows and pay taxes. in terms of future flow, we all agree. it is absurd that we attract the best and brightest, let them get a ph.d., and masters, and then say you have got to go home and compete against us. it makes no sense. the president understands that. and let me tell you, he has been terrific. this idea that we were jockeying is not true. dick durbin and i spoke with him on sunday. we had a great conversation. he has been extremely positive. and i think he has played a very constructive role. he is a rally in the country, but at the same time, he is giving us the space to get something done, and i have been very impressed with not only the president's desire to get it done but his ability to work with us as part of a team to get that done, as leader of the team, which he is, but to get it done. >> every president in a second term worries about a legacy. i think he is worried
he knows how important it is for the economy of the country. in has been our number-one issue to solve the immigration problem. 11 million people come out of the shadows and pay taxes. in terms of future flow, we all agree. it is absurd that we attract the best and brightest, let them get a ph.d., and masters, and then say you have got to go home and compete against us. it makes no sense. the president understands that. and let me tell you, he has been terrific. this idea that we were jockeying...
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Jan 30, 2013
01/13
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. >> here is to obama focusing on gun control rather than the economy. get back to jobs t real problem. caller: i'm also a veteran and i live in south georgia and there are armed guard in our local schools and they don't have any problem like that. i just want to make a statement of that and the fact that one of the things they mention about the gun shows. the reason some of these individuals go to the gun shows is it's kind of like a flea market or a yard sale. if they want to have a background check by these individuals that are bringing their guns to trade or sale, then the gun show representatives should have a central point where people could go to and be able to do a background check and maybe whoever is bringing a gun to sell, maybe they'll do a background check on that individual. and that individual could have an i.d. or arm band or wristband or something like that. then they could go to the central booth and be able to run a background check that happens to see them with their guns or at their table or whatever. >> it sound like you've been to
. >> here is to obama focusing on gun control rather than the economy. get back to jobs t real problem. caller: i'm also a veteran and i live in south georgia and there are armed guard in our local schools and they don't have any problem like that. i just want to make a statement of that and the fact that one of the things they mention about the gun shows. the reason some of these individuals go to the gun shows is it's kind of like a flea market or a yard sale. if they want to have a...
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Feb 3, 2013
02/13
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in the rest of the economy i.t. helps you save money you can pass the savings on to a consumer and make a fortune. that's what wal-mart did. it's all about the supply chain. so i think whether the study was right or wrong is irrelevant. it's obvious on its face it is not going to work because and 80 billion-dollar return on the $40 billion doesn't need the government intervention to happen. let's talk about the broad point that i think is important. you are right the life span has gone up and are continuing to go up. but i think as most people in the audience know while some amount of that is attributable to the personal health care, a much greater amount is attributable to public health and it is a far greater amount attributable to the lifestyle. what is interesting about the last 50 years is while the one area that we can definitely are to personal health care has increased the life span of cardiac care the bulk of improvement almost every single study has shown has been out the stocking and people creating fewer
in the rest of the economy i.t. helps you save money you can pass the savings on to a consumer and make a fortune. that's what wal-mart did. it's all about the supply chain. so i think whether the study was right or wrong is irrelevant. it's obvious on its face it is not going to work because and 80 billion-dollar return on the $40 billion doesn't need the government intervention to happen. let's talk about the broad point that i think is important. you are right the life span has gone up and...
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Feb 5, 2013
02/13
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so then this is where the political economy of the reconstruction of the malian state then becomes the next challenge. because if there is an incentive for southern military officers and northern rebels to remain linked because of that contraband issue, we will have to overcome that in order for civilian leaders like yourself who come to the floor and then reconstitute the malian state. if that's the case, then our challenge is considerably more complex than what i thought it would be at the beginning of this two-hour conversation. now, this conversation has value because we now have rearticulated a particular challenge, the political economy that underlies the future reconstitution of the malian state. going to your question about niger, niger has been advantage into the present moment because there's not the degree of animosity in niger between the tuareg people and the other ethnic groups within mali. and furthermore, the new president of mali specifically designated -- niger, specifically designated as his minister of defense, someone from the tuareg community, which then provided
so then this is where the political economy of the reconstruction of the malian state then becomes the next challenge. because if there is an incentive for southern military officers and northern rebels to remain linked because of that contraband issue, we will have to overcome that in order for civilian leaders like yourself who come to the floor and then reconstitute the malian state. if that's the case, then our challenge is considerably more complex than what i thought it would be at the...
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Feb 2, 2013
02/13
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our economy is stuck, you know, and most recovery you would see an economy growing three or 4% in the first few years after the recovery, and we grew 2.2% last year, which wasn't much were the than the year before and worse than two years before that. there a lot of reasons for that. one of the reasons is all the debt taken on in the housing boom. basically at the end of the day, when you borrow money that is a claim on future income, a lot of claims on future income right now that are coming back to pay right now. it goes back to what the 18-year-old caller was asking about some time ago about the economy build on debt. you need debt to fund investment and fund growth. there's certainly important uses of debt to build for the future. but what happened during the boom housing boom was people were taking out debt not to invest but just to build a bigger play room. and that's one of the factors that is holding us back right now. >> host: we'll going charles. this is in new york. democrats line. >> caller: hi. i'm glad you talked the unemployment numbers. i work with the labor department
our economy is stuck, you know, and most recovery you would see an economy growing three or 4% in the first few years after the recovery, and we grew 2.2% last year, which wasn't much were the than the year before and worse than two years before that. there a lot of reasons for that. one of the reasons is all the debt taken on in the housing boom. basically at the end of the day, when you borrow money that is a claim on future income, a lot of claims on future income right now that are coming...
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Feb 2, 2013
02/13
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but we see it in the economy is solid different places. one of the most clear examples of the mortgage market. so during the bubble, you could say there was too much stress. good eggs handed over mortgages and people to households that didn't even have to document in come. they've stated income loans to write down whatever they wanted for it, they got a mortgage. you had mortgages into mortgage-backed security that investors trusted the rating, credit ratings and securities and of course securities collapsed. so trusted not market really broke down during the financial crisis and what we have seen since then many layers of mistrust. so you talk to people out there chine to refinance a mortgage or getting a mortgage company cited tell you the paperwork they have to go through. for months and months of scrutiny to refinance the loan. >> host: is fair in another sense of why should trust the bank anyway? >> guest: there's mistrust on every side. the buyer or doesn't trust the bank, but the bank doesn't trust the borrower. the bank wants to se
but we see it in the economy is solid different places. one of the most clear examples of the mortgage market. so during the bubble, you could say there was too much stress. good eggs handed over mortgages and people to households that didn't even have to document in come. they've stated income loans to write down whatever they wanted for it, they got a mortgage. you had mortgages into mortgage-backed security that investors trusted the rating, credit ratings and securities and of course...
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Feb 2, 2013
02/13
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germany is the biggest economy. so i think contagion, unfortunately, is alive and well my friend is talking about positive contagion. i certainly hope that he is right. i think one of the things i learned from my friend, paul volcker, was -- and i learned this early in the 1980's during the latin american debt crisis, timing is of the upmost importance because the larger you take to fix the situation of the worse it gets. and, again, there has been no sense of urgency or timing in europe up until very recently. the feeling was that the policymakers there, politicians had all the time in the world, and we see what that has brought. the growth or lack thereof. so i think timing really -- and when you announce time you have to live up to them. and we still don't have important time lines that are being lived up to there. i think another one is, if we want a program to succeed in a country, austerity or better call reform program, we have to make sure that the local populace of a country supports it. and that has been a
germany is the biggest economy. so i think contagion, unfortunately, is alive and well my friend is talking about positive contagion. i certainly hope that he is right. i think one of the things i learned from my friend, paul volcker, was -- and i learned this early in the 1980's during the latin american debt crisis, timing is of the upmost importance because the larger you take to fix the situation of the worse it gets. and, again, there has been no sense of urgency or timing in europe up...
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Feb 5, 2013
02/13
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the economy grew lot maybe more than 3% sometimes. unemployment below 5%. the budget was balanced due to his own. how would he manage to keep making budget go lower? how did it help the dismi a lot because he got the government out of the way of the economy. >> traces life of the 30th.of the united states in cool a.j. sunday night at 8:00 p.m. on c-span's q & a. >>> next an interview with chris kyle author of "american sniper." he was killed this past weekend by a young marine believed to be suffering from ptsz. this is an hour. >> host: chris kyle, why did you decide to join the navy? >> guest: i grew up thinking the marines were the against on the block. i always wanted to be one. so i went and tried to become ao marine.nd marine recruiter was out tothene lunch.p mall all o then, all of a sudden you have r the army recruiters, navyrecrui, recruiters are all trying to pick you off think it should come to them. i talked to each one of them. the navy recruiter sold me on beingon a navy s.e.a.l. be a >> host: at the moment that moment you knew you wanted to b
the economy grew lot maybe more than 3% sometimes. unemployment below 5%. the budget was balanced due to his own. how would he manage to keep making budget go lower? how did it help the dismi a lot because he got the government out of the way of the economy. >> traces life of the 30th.of the united states in cool a.j. sunday night at 8:00 p.m. on c-span's q & a. >>> next an interview with chris kyle author of "american sniper." he was killed this past weekend by a...
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Feb 4, 2013
02/13
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it is hard to reinvigorate people into the economy. he ended up in st. louis where he becomes confronted by a major german american who becomes a senator from new york. joseph pulitzer enters the world of press at that point. interesting in regards to modern-day immigrants. it is that kind of speed of immigration that we had in the 19th century when people were coming. he becomes fabulously successful . and he invented a very new form of journalism. it is much like a modern-day surfer. what i mean is that if you go to a beach and look out the water beyond where the waves are breaking, men and women paddle out in the middle of the ocean. some perceive that that will be the best wave of the day, whereas others don't see it. well, in regards to joseph pulitzer, he wrote the title waves of social change. you were leaving the rural areas and come into the cities. women were making better progress. paper was being made at high speed. it became possible to print a newspaper in thousands of copies quickly. what happened was an afternoon paper that could be sold
it is hard to reinvigorate people into the economy. he ended up in st. louis where he becomes confronted by a major german american who becomes a senator from new york. joseph pulitzer enters the world of press at that point. interesting in regards to modern-day immigrants. it is that kind of speed of immigration that we had in the 19th century when people were coming. he becomes fabulously successful . and he invented a very new form of journalism. it is much like a modern-day surfer. what i...
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Feb 3, 2013
02/13
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like many veterans after the war he was on foot, often afterwards hard to integrate people into the economy. he ends up in st. louis greek becomes befriended by a major who becomes a senator from missouri this newspaper publisher. pulitzer enters the road. within five years of his dreamy night state companies elected state legislature to stare. it's that kind of speed of immigration 19th century when people would come in. to become successful in a really short in the story, in st. louis, inventing a new form of journalism. pulitzer is the modern-day surfer. if you go to a beach and look at on the water cannot be on with the waves are breaking the cnn in winning paddling was there for us, one of them paddles extraordinary speed and because they perceive the undulation is the best way the day. they don't see it. but pulitzer season-ending centura title rates of social change he was going to write pair but were they? they were becoming commuters. when they made important economic decisions in the farms were now becoming first ways. paper was being made with such strength that it would come and
like many veterans after the war he was on foot, often afterwards hard to integrate people into the economy. he ends up in st. louis greek becomes befriended by a major who becomes a senator from missouri this newspaper publisher. pulitzer enters the road. within five years of his dreamy night state companies elected state legislature to stare. it's that kind of speed of immigration 19th century when people would come in. to become successful in a really short in the story, in st. louis,...
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Feb 5, 2013
02/13
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funds that flowed into the afghan economy. we found that even though the department of defense and the department of homeland security were working with the same afghan banks, neither agency was aware of the other. in addition the department of homeland security had not been included in important interagency working groups designed to coordinate efforts and did -- cash flow. story reported limited interagency coordination put u.s. agencies that risk and definitely were not benefiting and leveraging existing relationships. the next question i posed is particularly important for sigar because it impacts us almost as much as it impacts the agencies implementing reconstruction. and that is whether security conditions permit the effective implementation and oversight. now although the u.s. combat role is met by december 2014 the withdrawal of u.s. troops is well underway. the u.s. and coalition forces have already pulled out at the number of locations in afghanistan leaving some of those places too dangerous for us or the implement
funds that flowed into the afghan economy. we found that even though the department of defense and the department of homeland security were working with the same afghan banks, neither agency was aware of the other. in addition the department of homeland security had not been included in important interagency working groups designed to coordinate efforts and did -- cash flow. story reported limited interagency coordination put u.s. agencies that risk and definitely were not benefiting and...
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Jan 30, 2013
01/13
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it a boom and bust economy. people working in the energy industry make a sufficient salary when working, but in some cases, the salaries are insignificant enough that is skies the arch income for families based on statewide data. some do well financially, there's a number of people struggling to make ends meet. this income disperty can be another challenge to meeting designation guidelines. committee members, thank you for your time and attention to the very, very important matter, and i look forward to any questions you may have. >> thank you so much for being with us, and thanks for your testimony. our fourth witness is dr. andrew wilper. he's the acting chief of medicine at the va medical center in boise, idaho. he's a practicing general internist. he's the associate program director for the boise internal medicine residency program and the assistant directer of the boise va center of excellence in primary care education. thanks very much for being with us. >> thank you, chairman sanders, ranking member enzi,
it a boom and bust economy. people working in the energy industry make a sufficient salary when working, but in some cases, the salaries are insignificant enough that is skies the arch income for families based on statewide data. some do well financially, there's a number of people struggling to make ends meet. this income disperty can be another challenge to meeting designation guidelines. committee members, thank you for your time and attention to the very, very important matter, and i look...
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Jan 30, 2013
01/13
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helps the economy. i'm just going to close this by reading you a couple of stories about -- real-life stories about this. a woman from california had an identical advanced degree as her husband. she landed the exact same job as her husband but at different work sites. the woman's husband was offered $5,000 more in starting salary for the same job with the exact same resume. a health care worker in long island discovered she had been earning $10 an hour less than her male colleagues with the same experience. when she brought this up to her superior, she was reprimanded, reprimanded for asking about the wage gap. that goes to what senator mikulski said. imagine the nerve of someone finding out they were paid $10 an hour less and trying to find out about why, and for that she is reprimanded, put in her place. then a female employee for a major corporation in florida was told when she was hired that if she disclosed her salary to other workers, that would be grounds for dismissal. she soon realized that her
helps the economy. i'm just going to close this by reading you a couple of stories about -- real-life stories about this. a woman from california had an identical advanced degree as her husband. she landed the exact same job as her husband but at different work sites. the woman's husband was offered $5,000 more in starting salary for the same job with the exact same resume. a health care worker in long island discovered she had been earning $10 an hour less than her male colleagues with the...
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Feb 4, 2013
02/13
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like many veterans after the war, he was unemployed, often to reintegrate people into the economy. he ends up in st. louis, where he becomes befriended by a major german-american who becomes the senator from missouri and is a newspaper publisher. he's doing everything at an extraordinary rate, which we don't do anymore, he's elected state legislature of missouri. excess speed of integration we had in the 19th century when people were coming. you can't satisfy successful and i'm shortening the story, inventing a new form of journalism. pulitzer is much like the modern-day surfer. if you go to a beach and look out on the water began with the waves are breaking, use the men and women paddling lazily surfboards. suddenly one paddles and because they perceive that undulation, is going to be the best way for the day, the others don't see it. they were tidal waves of social change that he was going to write. what were they? paper with event times and coming to cities to become commanders. remember now becoming housewives. paper was being made with such a strength that could go through pri
like many veterans after the war, he was unemployed, often to reintegrate people into the economy. he ends up in st. louis, where he becomes befriended by a major german-american who becomes the senator from missouri and is a newspaper publisher. he's doing everything at an extraordinary rate, which we don't do anymore, he's elected state legislature of missouri. excess speed of integration we had in the 19th century when people were coming. you can't satisfy successful and i'm shortening the...
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Feb 2, 2013
02/13
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like many veterans after the war he was unemployed, to reintegrate people into the economy and ends up in st. louis where he becomes befriended by a major german american who becomes a senator from missouri and a newspaper publisher. "without reservations: the cartoons of ricardo cate" pulitzer enters as the press at that point. at an extraordinary rate we don't do anymore but comparing to modern-day immigrants. within five years of his entry into the united states elected to the state legislature of missouri. that kind of speed of integration we have in the nineteenth century when people are coming. she becomes fabulously successful and i am shortening the story in st. louis as the publisher of the post-dispatch and the in new form of journalism. let me give you a comparison. ricardo cate -- pulitzer is like a modern-day search for. you go to the beach and look, water beyond where the waves are breaking you see men and women paddling lazily in their surfboard, suddenly one of them paddles with extraordinary speed because they perceive that little undulation is going to be the best wav
like many veterans after the war he was unemployed, to reintegrate people into the economy and ends up in st. louis where he becomes befriended by a major german american who becomes a senator from missouri and a newspaper publisher. "without reservations: the cartoons of ricardo cate" pulitzer enters as the press at that point. at an extraordinary rate we don't do anymore but comparing to modern-day immigrants. within five years of his entry into the united states elected to the...